Arteris (AIP) CEO-managed LLC reports bona fide gift of 50,000 shares
Rhea-AI Filing Summary
Arteris, Inc. director, President and CEO K. Charles Janac reported an insider transaction involving a bona fide gift of common stock by an entity he manages. Bayview Legacy, LLC, for which he serves as manager, made a gift transfer of 50,000 shares of Common Stock at a stated price of $0.00 per share. After this gift, Bayview Legacy, LLC is shown as beneficially owning 8,999,071 shares of Common Stock, over which Janac is deemed to have voting and dispositive power.
The filing also lists additional holdings as of the same date: 196,729 shares of Common Stock held directly by Janac and 56,252 shares held indirectly through the Charles and Lydia Janac Trust, for which he serves as trustee. The reported transaction is a non-market, non-cash gift rather than an open-market purchase or sale, so it primarily reflects personal or estate-planning activity rather than a change in market view.
Positive
- None.
Negative
- None.
Insights
Filing shows a large, non-market gift while substantial holdings remain.
The Form 4 reports a bona fide gift of 50,000 shares of Arteris common stock by Bayview Legacy, LLC, an entity managed by K. Charles Janac. Because it is coded as a gift, there was no sale into the market and no cash proceeds.
After the gift, Bayview Legacy, LLC still beneficially owns 8,999,071 shares, and Janac also holds shares directly and via a family trust. That scale of remaining ownership suggests the transaction is a personal or estate-planning move rather than a major shift in economic exposure.
As a result, this event is typically viewed as routine from a governance and signaling standpoint. It discloses updated ownership structure but does not, by itself, indicate a change in the company’s business outlook or financial position.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 50,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Reporting Person is the manager of Bayview Legacy, LLC and as such is deemed to have voting and dispositive power of the shares beneficially owned by Bayview Legacy, LLC. The shares are held by Charles and Lydia Janac Trust, for which the Reporting Person serves as trustee.